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HOME  /  PUBLICATIONS  /  CYPRUS REDUCES THE THRESHOLD FOR APPROVING SCHEMES OF ARRANGEMENT TO SIMPLE MAJORITY

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Cyprus reduces the threshold for approving Schemes of Arrangement to simple majority

Insolvency proceedings can be recognised in Cyprus through the EU Recast Insolvency Regulation (2015/848) or under the principles of common law.  
A derivative action is an aggrieved minority shareholder’s right of action which essentially derives from the company, and is ordinarily available to members who may seek protection in circumstances which ...
As of the 15th of May 2019, applications for naturalization through investment will need to meet certain criteria (in addition to the ones currently in force), in accordance with the recent decision of ...
In addition to instituting a common law claim for a repudiatory breach of the underlying loan agreement, where the moneys advanced are applied by the borrower for a purpose other than that contemplated ...
Cyprus has reduced the threshold for approving Schemes of Arrangement to simple majority, making them an attractive alternative to court sanctioned debt restructurings.